Core Viewpoint - Nvidia's fiscal Q2 earnings have generated significant interest among investors, with the company's market capitalization expected to remain a focal point in the semiconductor sector [1][2]. Group 1: Earnings and Market Performance - Nvidia's stock is a major component of various widely followed indexes, which can create investment opportunities through leveraged ETFs like Direxion Daily NVDA Bull 2X Shares (NVDU) [2][3]. - The company's guidance of $54 billion in revenue for the current quarter indicates over 50% year-over-year growth, alongside a $60 billion share repurchase authorization [5]. - Following Nvidia's earnings report, analysts raised their price targets, with the average target now nearly $202, representing a 12% increase from the stock's closing price on August 28 [6]. Group 2: Market Sentiment and Future Prospects - Initial reactions to Nvidia's earnings were negative, but the stock's modest loss suggests that investors are reassured by the company's strong fundamentals [4]. - Nvidia's potential to reach a market value of $5 trillion is supported by analysts, with some predicting the stock could hit $200 [3]. - Clarity on geopolitical issues, particularly regarding U.S.-China relations, could further benefit Nvidia and NVDU, as the company navigates restrictions on chip sales [7][8].

Group 1 - The post-pandemic rally in emerging markets (EM) assets has faced a decline, but there are signs that the trend may be reversing in favor of EM [1] - Anticipation for lower interest rates is building in capital markets, which typically benefits EM assets, leading to a weaker dollar and a rising MSCI Emerging Markets Index [2][3] - EM equities are expected to outperform due to easing local monetary policies boosting domestic lending and consumption, alongside a weaker dollar [3] Group 2 - The MSCI Emerging Markets Index has shown a performance disparity compared to the MSCI World Index, with the divergence beginning before the April tariff sell-offs [5] - Traders can explore individual stocks in EM for potential opportunities, but this approach carries concentration risk; diversifying through the MSCI EM index can mitigate unsystematic risk [7] - For bullish traders, Direxion offers products like the Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) to amplify exposure to the MSCI EM index [8]

Core Insights - The global markets watchlist tracks nine prominent indexes from various economies, highlighting their year-to-date performance and historical peaks [1][2]. Group 1: Year-to-Date Performance - The Hang Seng index from Hong Kong leads with a year-to-date gain of 29.9% as of September 2, 2025 [2]. - The Shanghai index follows with an 18.3% gain, while Canada's TSX has a 14.9% increase [2]. - The BSE SENSEX from India has the smallest year-to-date gain at 0.3% [2]. Group 2: Current Values and Historical Peaks - The TSX index reached its all-time peak of 28,615.62 on September 2, 2025, showing no percentage off peak [5]. - The S&P 500 is currently at 6,415.54, which is 1.33% below its peak of 6,501.86 reached on August 28, 2025 [5]. - The Hang Seng index is currently at 25,496.55, which is 23.10% off its peak of 33,154.12 from January 26, 2018 [5]. Group 3: Comparative Performance Since Market Lows - A comparative performance chart illustrates the recovery of world markets since their lows, with the S&P 500, TSX, CAC 40, and BSE SENSEX hitting lows on March 9, 2009 [8]. - The visualization aligns various indexes to show relative performance, indicating significant recovery trends across different markets [8].

Core Viewpoint - The article discusses the potential for a market downturn in late year and suggests that high-quality stocks, particularly through the American Century U.S. Quality Growth ETF (QGRO), may be a favorable investment strategy amidst economic uncertainties [1][5]. Fund Overview - The American Century U.S. Quality Growth ETF (QGRO) charges a fee of 29 basis points to track the American Century U.S. Quality Growth Index, focusing on a mix of "high growth" and "stable growth" companies [2]. - QGRO employs a rigorous screening process for quality, growth, income, cash flow, and profitability in its investment selections [2]. Performance Metrics - Over the past year, QGRO has achieved a return of 25.3%, outperforming the ETF Database Category average of 18.8% and the FactSet Segment average of 10.76% [3]. - The fund's largest holding, Booking Holdings (BKNG), has returned 13.1% year-to-date (YTD) and has a forward price-to-earnings (P/E) ratio of 24.86, along with a 17% return on assets [3]. - Applovin (APP) has shown a remarkable YTD return of 47.8% and boasts a return on equity of 259.7% as of September 2 [4]. - TJX Cos. (TJX), another investment in QGRO, has returned 14.1% YTD and has a return on equity of 60% [5]. Future Outlook - High-quality stocks are positioned to perform well if other market areas weaken, making QGRO an appealing option for investors looking to refresh their equity holdings [5].

Group 1: Market Reactions and Tariffs - The U.S. Supreme Court's agreement with a federal appeals court ruling deemed a majority of tariffs instituted by President Trump as illegal, causing market anxiety and pushing gold prices past $3,500 [1] - Investors are moving towards safe haven assets like gold amid ongoing legal challenges regarding tariffs [1] Group 2: Gold Investment Opportunities - The Sprott Physical Gold Trust (PHYS) offers investors exposure to rising gold prices with the option to exchange shares for actual bullion [2] - Gold miners are seen as a potential hedge against market corrections, with the NYSE Arca Gold Miners Index up almost 90% as companies like Newmont Corporation and Agnico Eagle Mines report strong earnings [6] Group 3: Market Analysis and Historical Context - John Hathaway from Sprott Asset Management draws parallels between current market conditions and past market manias, suggesting that investors should maintain exposure to cash, gold bullion, and gold miners [4][5] - The current market shows signs of extreme concentration and leverage, indicating a potential need for countermeasures like investing in precious metals mining equities [5] Group 4: Investment Vehicles - The Sprott Gold Miners ETF (SGDM) is highlighted as a viable option for gaining exposure to leading gold mining companies, tracking the Solactive Gold Miners Custom Factors Index [8]

Core Insights - NEOS Investments launched its first trio of options income ETFs on August 30, 2022, which have collectively reached an AUM of $5.7 billion within three years [1] - The firm has accumulated over $10 billion in assets since the launch of its flagship funds, focusing on high income and tax efficiency [2] - NEOS offers core exposure to the S&P 500, short-term Treasury Bills, and the broad bond market through its ETFs, utilizing an option-writing strategy to generate high income [3] Fund Performance - SPYI has attracted over $2.25 billion in net flows in 2023 and has total returns of 45.91% since inception as of July 31, 2025, showcasing effective active management [5] - SPYI's distribution rate stands at 12.05% as of the end of July, outperforming its peers [7] - BNDI and CSHI have also shown better total returns and higher distribution rates than their peers and benchmarks since inception [8] Tax Efficiency - The funds utilize Section 1256 Contracts for options, allowing for favorable tax treatment on capital gains, with 60% taxed as long-term and 40% as short-term [3] - A portion of distributions from all three ETFs qualifies as a return of capital, which can enhance tax efficiency [4] - The managers engage in tax-loss harvesting opportunities throughout the year to optimize tax outcomes [11] Expansion and Innovation - NEOS has expanded its ETF lineup to include high-income offerings in alternatives and hedged equity income ETFs, including the NEOS Nasdaq 100 High Income ETF launched in January 2024, which has accumulated over $3.4 billion in AUM this year [9]

Core Insights - The article discusses the impact of economic uncertainty, inflation, and market cycles on various asset classes, emphasizing the importance of diversification in investment strategies [1][2] - The "All-Seasons Investing" approach is introduced, which advocates for a diversified portfolio across six major asset classes to mitigate risks and capture returns in different market conditions [2][19] US Equities - The US stock market represents 60.5% of the total global market capitalization and has historically provided the highest real annualized returns at 6.5% since 1900 [5][6] - The "Magnificent Seven" stocks, all US-based, achieved an average return of 111.3% in 2023, highlighting the strength and growth potential of US equities [5][4] International Equities - International equities have the potential to outperform US equities, especially given the current high concentration in the US market due to the dominance of a few large companies [7][9] - The US stock market's elevated CAPE ratio of nearly 34x earnings suggests it may not sustain above-average growth, making international equities with more attractive valuations appealing [9][10] Core Fixed Income - Core fixed income, consisting of US investment-grade bonds and cash equivalents, plays a crucial role in diversifying portfolios and reducing volatility [11] - Bonds are typically viewed as a hedge against stock market volatility, particularly during economic contractions when the Federal Reserve may cut rates [11][12] Global Credit - The global credit asset class includes US high-yield bonds and emerging market debt, offering higher yields in exchange for increased risk [13][14] - Active management is recommended in this space, as it has shown consistent outperformance compared to passive management in high-yield bonds [14] Liquid Alternatives - Liquid alternatives aim to provide market neutrality and yield without sacrificing liquidity, utilizing strategies like long/short and managed futures [15] - Both active and passive ETFs have roles in this asset class, with specific funds designed to capture returns while maintaining low correlation to traditional equities [15][16] Real Assets - Real assets, including real estate and commodities, are highlighted for their inflation protection characteristics and intrinsic value tied to physical assets [16][17] - The rising correlation between stocks and bonds necessitates additional diversifiers like real assets, which have historically performed well during inflationary periods [17][21] All-Seasons Investing Framework - The all-seasons study indicates that diversified portfolios can mitigate downside risks while capturing growth during favorable market conditions [19][22] - The performance of asset classes varies significantly across different market cycles, emphasizing the need for a strategic approach to asset allocation [20][21]

By Christopher Gannatti, CFA, Global Head of ResearchNvidia’s earnings report brought much intrigue. Consider this headline from the Financial Times:“Nvidia Is Nuts, When’s the Crash?”1The results over the past year have been amazing, yes, but there are no precedents for a company growing from a market capitalization below a $1 trillion to $2 trillion in less than a year.1 Does the hype match reality?The CURRENT share price is not necessarily a reflection the past, but rather a view on the FUTURE. One anal ...

VettaFi recently sat down with Raymond James analyst J.R. Weston to discuss the outlook for energy commodities and the midstream space. During the interview, Weston offered his take on overlooked midstream investment opportunities, as well as his current top picks.VettaFi: What’s your outlook for oil and natural gas prices this year?J.R. Weston, associate analyst, Raymond James: We have a pretty rangebound forecast for oil. Our full-year average forecast for 2024 is $75 per barrel (bbl) for WTI. With WTI av ...